iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM) Stock Price Down 0.3% – What’s Next?

iShares ESG MSCI EM Leaders ETF (NASDAQ:LDEM)’s stock price fell 0.3% during mid-day trading on Thursday . The company traded as low as $63.15 and last traded at $63.3190. 879 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 1,172 shares. The stock had previously closed at $63.49.

iShares ESG MSCI EM Leaders ETF Stock Performance

The company has a 50 day moving average of $60.94 and a 200 day moving average of $59.20. The stock has a market capitalization of $35.33 million, a price-to-earnings ratio of 14.34 and a beta of 0.63.

iShares ESG MSCI EM Leaders ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $1.2739 per share. This represents a dividend yield of 440.0%. The ex-dividend date was Tuesday, December 16th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. OLD Mission Capital LLC raised its holdings in shares of iShares ESG MSCI EM Leaders ETF by 131.3% in the 4th quarter. OLD Mission Capital LLC now owns 60,501 shares of the company’s stock valued at $3,516,000 after purchasing an additional 34,347 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in iShares ESG MSCI EM Leaders ETF by 2.6% in the fourth quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 22,992 shares of the company’s stock valued at $1,336,000 after buying an additional 577 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in iShares ESG MSCI EM Leaders ETF by 5.2% in the second quarter. Daiwa Securities Group Inc. now owns 17,430 shares of the company’s stock valued at $940,000 after buying an additional 860 shares in the last quarter. CI Investments Inc. lifted its holdings in iShares ESG MSCI EM Leaders ETF by 10.4% during the 4th quarter. CI Investments Inc. now owns 11,640 shares of the company’s stock worth $676,000 after buying an additional 1,100 shares during the last quarter. Finally, Beta Wealth Group Inc. acquired a new position in shares of iShares ESG MSCI EM Leaders ETF during the 2nd quarter worth about $513,000.

iShares ESG MSCI EM Leaders ETF Company Profile

The iShares ESG MSCI EM Leaders ETF (LDEM) is an exchange-traded fund that is based on the MSCI EM Extended ESG Leaders index. The fund tracks a tier-weighted index composed of large- and mid-cap emerging-market stocks with high environmental, social, and governance traits relative to their sector peers. LDEM was launched on Feb 5, 2020 and is managed by BlackRock.